12824 Iron Bridge Dr, Manchaca, TX 78652
3 beds · 3 baths · 2,109 sqft
This home hits all the boxes. Low tax rate, no carpet, open concept, incredible upgrades, and a coveted half bathroom that is easily accessible from the garage/utility entrance and kitchen. You can count on your decision to go with the 2.5 bath over a 2 bath any day! And this home has all the upgrades. Full tub to ceiling tile, beautiful wood cabinets in the kitchen and bathrooms, farmhouse deep kitchen sink, and a covered back patio. 4 large bedrooms, Extra large primary with gorgeous bay windows with sitting space, 2 bedrooms on the opposite side of the home with a full bath in-between, and an extra large room that can double as an additional bedroom/office/flex space/home gym/playroom. Lots of natural light. Enormous Primary Bedroom. The house is perfect for empty nesters, first time home buyers, trading in from a two story, starting your family, or even a perfect home for retirement. The level yard is a blank canvas for your imagination. New landscaping for the front yard with two newer trees. Community amenities offer a pool, playground, and walking trails. Conveniently located near 35, 1826, and the 45/130 tolls. Easy access to Southpark Meadows shopping and just 25 minutes to Downtown Austin.
Source: ACTRIS #2920682
Source: ACTRIS #2920682
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #2920682
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.